Free Trial

(U18) Under Renewed Pressure...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) Under Renewed Pressure
*RES 4: 146-14 200 dma (generic)
*RES 3: 146-15 Top of 6-month trend channel
*RES 2: 146-11 Jul 6 5-Month High
*RES 1: 145-24 Aug 22 high
*PRICE: 145-02 @08:52 GMT
*SUP 1: 144-11 50 dma
*SUP 2: 143-22 Trendline resistance-turned-support
*SUP 3: 143-19 Top end of Jul 24-Aug 9 range
*SUP 4 141-27 Aug 1 low
The 30-year briefly dipped under 145-00 tracking the sharp sell-off seen in the
10- and 5-year futures. Despite this, the 30-year remains within reach of
contract highs printed in July (146-11), before any attempt on the 200-dma
(generic) at 146-14. Near-term support is seen at 144-11 from the 50-dma, bears
need to break trendline resistance-turned support at 143.22 to shift the
near-term focus.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.